liz, great to talk today. thank you. liz claman out in las vegas, for us. >> wow, so shutdown and slowdown, both having an impact out there at ces. >> it is. there will be more of that. right now bulls & bears with david asman. >> breaking news with just hours away from president trump's first oval office address to the nation on the subject of border security, vice president pence and the secretary of homeland security have arrived on capitol hill. they are meeting with house republicans this very hour. hi everybody this is bulls & bears. i'm david asman. joining me is the panel today. let's go straight to fox news senior capitol producer who is with us. chad, the purpose behind the vice president's meeting with house republicans today, what is it? >> this is to brief them on what the situation is on the border and give them some facts and figures in anticipation of the

president's address to the nation tonight. the homeland security secretary nielsen just walked past us here at the capitol. she's going down stairs and brief house republican members here, mick mulvaney, the white house chief of taf is also here -- chief of staff is also here. some of the things we have been hearing from democrats, they have been indicating they will vote starting tomorrow on a series of appropriations bills to reopen the government. they will start with financial services appropriation bill that deals with the treasury. democrats are saying what this is from their perception is a meeting to try to keep republicans together. i talked with a freshman house republican a few minutes ago who said i think president trump is doing exactly what he needs to know. what we have also learned in the past few minutes is what we call the big eight here on capitol hill, the top four leaders from both sides of the capitol, house and senate, democrat, republican, bipartisan will go to the white house tomorrow to meet with president trump. this will be the latest set of talks to try to reopen the

government, david. >> i'm curious, let's say that president trump tonight pulls the trigger. what do you think this place -- what kind of pressure do you think this will place on pelosi and schumer? >> you're talking about declaring a national emergency here? >> yes. >> when you talk with tho thornberry, the top republican on the house armed services committee, he doesn't like this idea at all. he said we got this big increase in defense spending sometime ago, back in march of last year, you start to move it around, that's a problem. you talk to democrats, that might push them over the edge. they are afraid of president trump starting to abuse his article ii powers in the constitution. do you know what's good for the gander is good for the goose. how many times did we hear criticism from congressional republicans especially from former house speaker paul ryan who said, you know, president obama is going too far in using his executive power. we as the congress article i in the constitution need to put our foot down and assert our powers. if republicans are willing to

cede this to president trump, why didn't they do that under the years with president obama? >> if there is a national emergency declared, which it seems unlikely tonight are republicans in the house and senate then going to say fine we'll vote to fund the government reopening? >> that's unclear. i tell you if you talk to a lot of republicans you will have some vote for individual appropriations bills as they move through the house of representatives. there was one bill last week that got five republicans, one that got seven. some of these individual bills, they will certainly get more republican votes than that. the other thing to watch is just how much deference some republicans give to the president or don't give to the president. keep in mind, that they were generally pretty deferential during his first term, but in the past few months, we have started to see that dam dry up just a bit. i would look to how they handled saudi arabia. there was a lot of criticism from republicans on capitol hill after the killing of jamal khashoggi. also look at the agreement to

pull troops out of syria. there was significant pushback from republicans on capitol hill. so you might see where republicans feel they are more empowered if they think the president has crossed a line. that's a little bit of what you could read between the lines thornberry who is a strong voice on the republican side of the aisle on defense saying wait a minute we should be appropriating this money, don't go around congress, why are you doing that? the congress is here for a reason. we have the power of the purse. >> chad, do you think democrats are getting scared they may not be able to win what's coming more of the war of words with the president, that's his area of expertise and they are going to look they are weak on border security no matter what, even though they have a strong point, they're going to lose anyway? >> that's definitely an optics issue here. i'm going to point something that mcconnell, the senate majority leader said on the floor a few hours ago, he accused democrats of the political whims saying, you know, they were opposed -- they were for border security but now they are opposed to border

security, according to mcconnell over the occupant in the white house. he also said quote that the president put on a partisan tantrum ahead of keeping the government open. keep in mind, of course everyone heard that it was the president who said he would claim the mantle of the government shutdown, but now you have republicans trying to turn this back around on democrats. and i think that to your point, that case might be hard to make, especially if you have republicans starting to jump ship and vote for these appropriations bills. those bills in the house of representatives in the democratic house serve two purposes. number one, reopen the government and also force republicans who have been for the government shutdown to start taking tough votes and voting to reopen government as well. >> it seems like we're arguing over nomenclature here. the democrats are for border security. the republicans are for border security. every president since reagan, democrat and republican have said they are for border security. it seems like we're arguing over a wall. it is like children out there refusing to call it a wall. you can't build a wall.

obviously it is border security. what is the democrat work around here to put this completely -- they have to have a strategy here to put in the president's lap? is it a cr that they pass, the president has to veto or is it the appropriations committee that they believe they can work around the president here? >> one of the things that you always see on capitol hill is an argument about semantics. as they say nothing is decided until everything is decided. and so particularly what do they call it? do they call it a wall? is it a fence? is it drones? is it more border patrol agents? those things are critical and what it looks like in the piece of legislation or an executive order and then how it's interpreted, maybe by the courts. you raise a good point, we know what house democrats are against. they are against a wall. keep in mind that pelosi is very good about taking the temperature of her caucus and knowing where people stand. she has such a big caucus now, new members, people who haven't been in government or served on capitol hill, that i don't know someone who is really good at

tuning in and understanding the will of her caucus like pelosi genuinely knows what her caucus will be for. we will understand that in a few days. today is the first day they have been in session since opening day last week. that's something that pelosi who is very good in understanding her caucus needs to figure out, what are democrats for. there are a lot of new democrats. just not liberals like ocasio cortez who are here, one of the reasons they won the house is because they have a lot of moderate to conservative democrats from swing districts. and a vote for border security, a wall, really good vote for them. i would look at ben mcadams in utah. i would look at jared golden in maine. i would look at joe cunningham in south carolina. there's a lot of conservative democrats in the house of representatives, and they might be more willing to go along with language that's similar to the republicans than what we hear from the liberal democrats. david: in the senate you have moderate democrats including joe manchin who was on fox news

earlier today, he said if the president does pull the trigger as danielle said and go for the gamut of the national emergency, he said the following, if that gets us out of a shutdown, then so be it. i want to get out of this shutdown. so it looks like even a democrat might be willing go along with this. >> right, and you could certainly see that. that's good politics back in west virginia. but sometimes it takes a trigger. what is that trigger? that might be the most significant event that we've had since the beginning of this shutdown. by the same token, you know, look at moderate republican senators like cory gardner, susan collins of maine, tom tillis of north carolina, some of them might have challenging reelection campaigns in 2020. they have been on the ticket at the same time that president trump is. it is good for them to try to get government reopened but also may be seen as fighting against the president. look at how the politics in colorado have evolved since cory gardner was elected to the senate in 2014. today they swore in the first

openly gay governor in the nation, former congressman from here. the politics in colorado have changed significantly. you could imagine a scenario where someone like gardner is really pushing to reopen government. but your point is very good because it takes an event, it takes a trigger of some sort to push everybody. and we really haven't had that since this shutdown started back almost in mid december. >> we can use this to lead in to the rest. you have markets which are completely or at least for the moment completely indifferent. >> absolutely. >> i mean, they might be significantly attuned to what's going on between china and the united states, but as for a wall, you know, it goes up. it doesn't go up. the government, 800,000 workers are furloughed or not does not affect how many iphones are being sold. you're in this parallel reality moment. that could change tomorrow. i'm not making any predictions but it is an interesting dichotomy right now >> that's something that we've seen on a couple of occasions here on capitol hill, where the market has reacted directly to something that's happened in

washington. we certainly saw that a little bit with the debt ceiling, probably the best example i have ever seen was in september of 08 when the first vote failed in the house of representatives. as the vote failed, you know, the dow plunged 777 points, a record, lost 1 trillion dollars in market capitalization right there in one afternoon. so we have seen direct correlations before. but let's put it in context. if this government shutdown starts to stretch out past the next pay period or they don't get, you know, people back on the job, it starts to really hurt the economy, the president says we're going to have people's tax returns going out, at the end of the day, democrats say i don't know how you can do that because, you know, they are not funded right now at the irs. you could see that starting to make a dent in the economy and perhaps have reverberations on wall street. david: we should mention by the way the last three government shutdowns, the markets were up during the course of that shutdown. >> right. david: we will see what happens. chad, great stuff. thank you very much for being here. >> my pleasure. david: we are keeping a close

eye on capitol hill. vice president pence and the head of homeland securities are meeting now with republican lawmakers. when a if those folks come -- when and if those folks come out to speak, we will take you back there live. keep it right here on fox business for full coverage and analysis of the president's address tonight. i'm going to be here along with trish regan to tee it up followed by reaction with neil cavuto and kennedy. meanwhile, stocks up for a third straight day today on news we could be inching closer to clinching a trade deal with china. investors are optimistic. so should you be as well? so i got an offer on the business, and now i'm thinking... i'd like to retire early. oh, that's great sarah. let's talk about this when we meet next week.

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david: markets don't seem to be too concerned today about what's going on inside the beltway. the dow up more than 250 points on the close and reports that the u.s. and china are making some progress on trade talks, though not enough quite yet to clinch a deal. the talks will now go on till wednesday. the president bullishly tweeting out, quote, talks with china going very well. trump and the markets seem optimistic about a deal. should we be as well? what do you think, gang? >> i wish we should be. the president's been tweeting out that talks have been going well for sometime. i don't think we're any closer than we were two months ago.

china came out a few days ago and said we're going to be sincere in our negotiations. any time you have to have say you are going to be sincere means there's a problem with insincerity many your past. -- in your past. i don't think china is sincere about this. what is positive about china is the tesla, car manufacturing plant, 100% owned by tesla. that's one of the ways that you get around the theft of intellectual property in china. i think china might liberalize their markets in that respect. i just don't think they are going to give in to the united states because they see it as the imperial bully and i think they have painted themselves in a corner that they can't give in, and i'm not very optimistic. i wish the trade talks would work. i wish they would be fruitful. i don't think they will be. >> i think we were doing well early on in this thing. i'm looking at how their stock market was doing. when we started to fall too, i think it was starting to get a little ugly. i think we have the stronger economy. we buy more stuff. we are in a stronger position than china, but ultimately i worry about our will through a recession, and i also worry

about our -- like how we really get out of this, without a specific plan, i think we will get lower tariffs than they were before this all started hopefully and they are going to commit to buy more stuff and they probably buy a little more stuff but that might be all we get. >> what i find to be interesting is that president xi jinping sends a very high up in terms of optics that was very very telling. so i think that the past few days have actually shown some progress. we have to bear in mind that the chinese economy is not doing well at all. we've got retail sales in china at a 15-year low at this point. and the chinese export monster is really suffering under these tariffs, and if that was the original intent, to president trump, he's certainly succeeding on that front. but china really does need to make some kind of a deal. the question is, will they concede enough to satisfy and i

just don't know. >> there's a lot of mutual pain on this. you guys have talked about whether or not we're willing to undergo that kind of pain in order to try to extract a level of concessions of bad intellectual property and tariff barriers and sort of hidden barriers to trade or not. and 18 years, 20 years of intertwining these two economies, you would have had to do a much better job if you're the white house in convincing the american public that you are in for, what, 24 months of lower economic growth, shrunken profits as well as some massive kind of reinvestment, not just paying the soybean farmers but a real substantial bolstering up the domestic market and none of that was in place. david: i've got to be a little optimistic. we had wilbur ross who is hard-line, i guess navarro might be, but not much, he said yesterday quote we will get a deal that we can live with. >> we will get a deal that we

can live with. i think what they were talking about that it is not going to be the deal of our dreams. that was probably unrealistic in the first place; right? it's going to fall way short of whatever the purpose of the tariffs were in the first place. >> i think the problem is -- go ahead, john. >> i'm sorry, jonas. for china to actually give in to the theft of intellectual property and change that, they first have to admit they were stealing intellectual property. they are not going to admit that. they've said that over and over, so that's not in the cards. changing the property ownership, the percentage structure is one way to get around it. that's not enough probably to assuage the united states negotiators. we are doing damage to the world's second biggest economy right now. this is bad for the globe, for global trade, for our trade, for everything. the further this thing goes on, we need to find a way to get it -- declare victory as it was just said and get out of this thing and let the economy go on. >> i think if we could have

started -- if the president was the president 20 years ago before they succeeded in so many initiatives in their country and got so far ahead that it is hard to take them on now. at this point, it is difficult to win an economic war with china. they've already developed a lot of industry that wouldn't have developed if they weren't ripping off stuff or state supporting stuff or financing with them, and it is hard -- you can't undo all that just with a trade war now. so there's only going to be a limited amount you can get anyway which again is something to achieve and i think somebody needed to stand up to them or maybe 20 more years it would have been worse, but i think we will take what we can get at this point. >> but taking what we can get might be all we can get at this point. we have to bear in mind that the third largest exporting nation in the world after china and the united states is germany. we got really messy industrial production figures out of germany earlier this morning. it looks like they are heading into a recession. that's the last thing we need on our hands is for china to be in a de facto recession and germany

sliding into a recession which will take europe down with it as the bank is pulling the plug on liquidity measures. >> we sell a lot of stuff to germany and china. we have to leave it at that. the shutdown is now in its 18th day. it is historic folks. we will take you back to the hill live, the moment anyone comes to speak at the mics. next, we are taking you live to las vegas as well, where the biggest names in tech are gathering. what they have to say about trade with china and a lot more, coming up.

david: samsung sounding a lot

like apple warning their operating profit will fall 29% this quarter. maybe this wasn't just a problem with apple after all. what are other tech companies saying about china? liz claman's in the perfect location to take their pulse on china and other things at the consumer electronics show in las vegas. liz, you just spoke to some samsung executive, what are they saying and other tech companies about what's happening to the company? liz: yeah, it wasn't just some samsung executive. he is the president of samsung north america. 's the top guy from -- he is the top guy from samsung here at ces. he gave us an exclusive interview. you can tell they are concerned. samsung warned. it was a shocking warning almost as shocking when apple did it because that spark had already blown last week where apple said we have a slowing consumer in china so we will sell fewer phones. it was still disconcerting, samsung's issue is semiconductor chips.

70% of their business is selling these chips and others are all kinds of appliances. they are getting hurt. could it be a general global slowdown? he flat out told me it is a one two three punch. it is everything from a slowdown of their customer in china. it is a global slight slowdown that seems to be perhaps gaining a tiny bit of traction and then of course you have the tariffs on steel and aluminium and tariffs on washing machines. remember when president trump was one of the first things he did, he slapped tariffs on foreign made washing machines because whirlpool made a big stink about it, and that has really hurt samsung and lg, who is also here, another korean company. but david, i remind you, both of those companies have major operations here in the united states and employ hundreds and hundreds of u.s. workers here. this is an issue here.

>> samsung's weakness selling chips into iphone which they provide. what other companies in the chip space? there's been huge sell offs in the markets over the past three months maybe there was an anticipatory factors, so samsung at the end of this, or the middle or the beginning or do we have a sense of where we are? liz: i'm almost interested in that question so much so because the company that makes chip design upon which other companies from samsung to nvidia to intel, they license that and then they build their architecture on to the chip to make it to do what they want their electronics to do. we had this opportunity to talk to the ceo, u.k. based company, their designs are in a billion consumer products right now on this planet. so they are really kind of the

forefront. they said it's serious. they said it is something that they are absolutely feeling from a lot of their clients and customers. and obviously it is interesting that samsung which on their phone level competes with apple's iphone with their galaxy, you would think they would be in this vicious death match, they are on that level, but when it comes to chips, apple buys some of their chips. so everybody seems to be exposed. it's really a linked global economy now, where it's almost like -- i hesitate it to call a rube goldberg situation, everybody is related in some way shape or form. >> i want to drill into the most important -- i know they make all this cool stuff, the washing machines. let's talk about the thousand dollar phones. we saw the bad news at apple recently. they are mott moving the phones -- they are not moving the phones. here's what i want to know, is this thousand dollar phone thing that's now weak at apple is that a canary in the coal mine for the global economy or are people

just not buying gold canaries for a thousand dollars anymore and they want to buy cheaper phones. >> as soon as apple started to warn and blame the chinese consumer and slowing chinese economy, i was like maybe it is because there are phones that are less expensive, equal phones. apple never comes to ces. they prefer to hold their own events at silicon valley as you know. they were very smart. they got on everybody's tongues and lips. they put a huge billboard across the street from the las vegas convention center a day before this, that said what happens on iphones stays on iphones. what happens in vegas stays in vegas. but everybody started talking about apple and they are not even here. but apple, it's sort of the price of the phones and the fact that other companies, including samsung might be able to make

just as good a phone but at a slightly less price. >> lg also in its disappointing report this morning also pointed out that marketing expenses to sell its phones have gone through the roof and that that's become very problematic on top of them having to pay gigantic bonuses at this time of the year which is always interesting to hear about other country's cultures, but it is interesting that you mention, liz, that game theory is alive and well with the billboard across the street from the ces. liz: you have to love that. it is sort of everybody is kind of poking each other in the eye. to that point, i think it's extremely important to understand that every single company here is trying to grab the collective store shelf space of the retailers. these are concept products, a lot of them. and so they are trying to get out there and figure out a way to make people pony up now for that money, and jim baxter of samsung told us absolutely, they are going to be charging more for their products.

he was talking about washing machines and television sets, but he said as long as we get more for that higher cost we feel a lot better. to lg's point, they are smart, they are expanding big-time. they have five artificial intelligence labs they have spread around the nation and the world and they are looking to really go big on artificial intelligence and make money off that. we got a one-on-one exclusive interview with dr. park, and he had told me specifically he said liz, we're trying to make people's lives better and easier, and yes, artificial intelligence has its dark side and all of that, and then of course we've got to talk about data privacy, but he on stage had that robot, that's chloe, chloe the robot who actually brewed a beer on stage last night at the mgm park. david, i kept thinking of you. you love those craft beers. david: yeah. liz: chloe will do that for you. they are not just performing tasks.

they spent close to 100 million dollars developing the robots at lg, those specific robots can learn tasks, not just perform. david: a lot of those hedge fund people say that's where the future is. we didn't even talk about 5g. we have to go. liz, we will see more of you tomorrow on all this. great stuff. >> you got in shakespeare, julius caesar and game theory. liz: rube goldberg too. david: very serious stuff. thank you. liz: public school education. david: -- a corporate rate tax hike that would reverse some of the 2017 g.o.p. tax cuts, billionaire investor carl icahn telling fox business slashing of corporate rates just had to be done, so why are democrats wanting to reverse that? the debate is coming next. >> when you talk about corporate taxes, i think donald trump had to do that, to make us competitive and try to stimulate companies to spend more money in

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david: we have some breaking news. you heard our senior producer inside the capitol suggest that the president was going to be in capitol hill tomorrow. well, indeed he will be. he will be taking lunch there with senate republicans, and then the big eight congressional leaders, really the key to making any bill pass are going to be coming to the white house, at 3:00 p.m. tomorrow afternoon. so first the president is going to be at lunch in the capitol, as you see there the capitol dome, then the folks from the capitol will go to the white house for a very important meeting. meanwhile, newly-installed house budget committee chairman democrat is proposing hiking the new federal corporate income tax rate which is now 21% all the way back up to 28%, for the fiscal 2020 budget resolution. this is a move that could make the u.s. a lot less competitive

place to do business. so what effect would all this have on the overall economy? >> you know, i think that the timing of this couldn't possibly be any worse. it's as if this congress person does not pick up the newspaper. i mean we've got a majority of cfos and ceos in this country who are concerned that we're going to be in a recession within the next 12 months. the last thing you want to do is to impose taxes that are higher than that of the u.k., ireland, canada, and china, for heaven's sakes has a lower tax rate than 28%. why in the world given that there's been momentum in corporate america would you want to slow that down, at a time like this, unless you've got some kind of an ulterior motive. i'm not trying to be a conspiracy theorist, but this is ridiculous. >> to be fair, it has no chance of passing. it is purely a rhetorical device. it is a little bit like republicans in the house repealing obama care when obama was president. you know, it was a show of this is where we stand, but it had no chance of becoming law. this has no chance of becoming

law before 2020. -- before 2021 in fact. and i'm not sure that the democratic caucus in general would go along as much as would be expected given that the obama boehner compromise, grand compromise of 2014 was going to include a lowered corporate tax rate down to below 25%. there has been democrat momentum to lower the corporate tax rate. so i would say this is more of a marker of rhetoric than it is anything else. >> good. >> so politicians wasting taxpayer money by passing some -- putting something out there that won't pass. wonderful. terrific. i wish we could get rid of all of these bafoons, and the problem that we have with this is that there's been five major tax cuts in the last 100 years. you had coolidge, kennedy, reagan, bush, and now trump. every case gdp went up and tax revenue to the treasury went up. the first two months of the fiscal year, the debt was 300 billion dollars. that is insane. it is unsustainable.

but revenue was up 3%. so it's not a revenue issue here. it is a spend issue. we have gone from 5 trillion dollars in national debt in 2000 to 22 trillion right now. it doesn't matter if you are a republican or democrat, these guys are mortgaging our future to get themselves re-elected. it is despicable. it has nothing to do with the corporate tax rate because treasury revenue is up. >> i'm pro corporate tax cut for a lot of reason. that said raising it back to a level that's lower where it was as our economy grew faster than over other country in the last hundred years, the sky is not going to fall. okay? that said, you need to have a corporate tax rate similar to other countries because the whole idea of a corporation is a global concept, and the long-term negatives are not good to have one of the highest ones in the world, and in fact, it's not like all of them are going to hire people the next year just because they got a tax cut. that's not the point of it. the point is to have companies based here, booking profits here, cash come back here. if democrats want to fix this

revenue problem, because there are some legitimate issues here, as we see with the deficit growing, then you want to keep your corporate tax rate -- all these countries have higher flat tax on everybody, not just the rich, to subsidize low corporate tax rates to keep companies happy in their country. that's the rate you want to raise if you want to be a similar global path of taxation. you can't just say we have to have the same rates they have in the u.k. they also have vats in those countries. so we will have to bring those here before we start talking about bringing corporate taxes back to a higher level. david: remember, we heard about all these companies moving to ireland. we heard that in obama era. we haven't heard that lately because the tax rates have gone down. we may hear it in 2020. who knows. a new plan to grant free healthcare free in quotes to every resident would cost a

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david: new york city mayor de blasio unveiling an

unprecedented new 100 million dollars plan to guarantee quote free healthcare to more than half a million residents, regardless of their ability to pay or their immigration status. he tweeted this out, healthcare isn't just a right in theory. it must be a right in practice. today i'm announcing a plan to guarantee healthcare for all new yorkers through our own public option and a new program called new york city care will ensure the first stop for people isn't the emergency room. here's how he says it is going to play it out. roll the tape. >> the estimates are this will cost at least 100 million dollars per year at full scale. you hear the critics say why am i paying for these young invincibles who don't want to buy insurance? why am i paying for undocumented immigrants at the tab of 100 million dollars, what do you say to them? >> if we don't help people get the healthcare, we will pay plenty on the back end when people get really sick. >> do you have to raise taxes the get this up off the ground? >> no, this is something we will pay for through our public healthcare system because we're

making it a priority. david: really? you believe that? will taxpayers be footing the bill for this? what about the possibility of other cities doing the same? what do you think, gang? >> cities doing the same? you can't do national healthcare at a city level. i don't know if these guys, bernie sanders, alexandria ocasio, they need to go to europe and see how they pay for this stuff, with significantly higher taxes. the whole math that was just presented like that was logical is insane. you are talking about 100 million dollars cost? that's $166 a person per year? you are going to offer comprehensive healthcare to poor people, sick people for $166? that sounds feasible that's what america pays for healthcare. you can't get a physical for that. that's like call me in the morning and take two aspirin solution. that's an absurd thing that would provide very high taxes to provide and on a national scale. >> the mayor's economic argument is legit here. the question is do you pay more

because people go to the emergency room and get free medical care or would it be cheaper to give them insurance? that argument is legit. jonas is right. we can't afford this. we have 22 trillion dollars in debt nationally. we have in new york city paying more for the retired fire department and the retired police department. we have too much leverage out there and too much debt. it is like the student council guy running for president in 8th grade saying we're going to have free pizza and when you ask, how do you pay for it? i don't know, i guess the rich kids will do it. it makes no economic sense. it would be wonderful to do it. we can't. >> it's fascinating that the state of california has also dreamed up a similar plan the cost to be 3 billion dollars. you know, i'm a dallas resident, and the state of texas has been the beneficiary of rising taxes and terrible pensions in the state of california. they've lost 10,000 companies over the past decade. the majority of them have landed in texas. this will continue, and at some point, you're going to end up having such an exodus of high-paying taxpayers, remember,

there was -- i can't think of the hedge fund manager's name who left new jersey and new jersey had to call a special legislative session because -- >> david tepper >> because one resident left the state. these states need to understand they have to be friend place to get business done or there won't be a tax base. >> i will say the argument of we do pay for this, right, this is not like -- it is not an expense now and it is going to become an expense. it is a little bit whose balance sheet does this expense show up on? admittedly this is a plan of dreams without substance. but it is an issue that we're dealing with, regardless whether or not de blasio or newsom in california comes out with a public plan, it is the question of the emergency care and then care that you leave to the last minute is vastly more expensive. we as a country are not comfortable with people just expiring on the streets like, we

don't deal well with that, and that's a good thing. we haven't figured out a way -- david: the fact is, the fact of the matter is in new york, and in a lot of cities around -- the people who are on medicaid, the people who receive assistance to pay for things very often abuse those systems because they don't pay for it. so for example, i have a friend who is an emergency room physician up in the bronx, she says that about 90% of the patients that hire an ambulance call up an ambulance for, i don't know, 900, a thousand dollars per trip have a cold or their kids have a cold. that's why they do it. that's a legitimate concern, and to the extent that he's worried about it, i applaud mayor de blasio for that, but we know that for government to take care of people's expenses is not going to help things; right? >> i want to highlight again i don't think it is impossible to afford this on a national level because most of europe does it, but there's no city in europe that's like we're going to have national healthcare and we'll

pay $166, anybody who wants to come here and get free healthcare that will somehow be in budget without higher taxes. that's the fantasy part. if bill wants to get together with other people and make a plan that would be a national plan and import european taxation to pay for it, look, i'm not saying it is a good plan. i mean that at least makes economic sense. you can't pretend offering services is $166 extra per person when those services aren't offered now and many of them are very sick. that's fantasy. you can have a reality european style program, but you can't have a fantasy one. david: the reality is where they have socialized medicine is awful compared what we have. facebook and twitter are bringing in conservative groups to try to combat alleged bias on their sites. is it too little, too late? the debate is coming next.

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david: after facing a slew of criticism accusing them of bias facebook and twitter have brought in conservatives and americans for - to consult on how to best referee political speech without bias but will it work? >> yes, i think it will. anytime you had public scrutiny to facebook it helps.

the bigger issue is personal response ability. i follow a page on facebook called the flat earth society. they can prove the earth is flat and the moon landing was fake. if you are getting your news from the same platform that has the flat earth society you're the one that needs help. >> oh boy. i will say i think facebook has potentially lost an entire generation of people who will never come back because they been feel as if their views have been ostracized. this will be beneficial for twitter. >> i'm not taking my site down just because john doesn't like it. [laughter] >> it's a myth. >> this right, left debate they're not tech kingdoms. the becoming democracies but the real focus is the snooze like how facebook got on samsung phone in the way you can't delete it is the real story. it's not this manufactured it's left right there goal is world domination in profits. keep it in that sort of thought

and not on the train to the left or right. i don't think they think of those things as much as profit and growth. >> and what they call the filter bubbles major you have knowledge other than that which agrees with what you already think. it's key. no indication there is a mad rush to open people's minds voluntarily but is something we can aspire to. elizabeth: . david: if they try to please everybody and are trying to please the southern poverty law center and please elizabeth and the research council that he needs other and they call each other heat features. if you try to please everybody you please nobody, right back. >> particularly facebook has major issues in terms of its own public credibility that are not going to be so by hiring over, i think he's great but i don't think will be the solution. david: that leads to the question what is the solution? >> much more clear there was model relies on the free use of

other people's data. they should stop attending that's not their business model if they want to change their business model they should. the hypocrisy of we are a public service that happens to be a 700 billion-dollar comedy is lucas. the use our data and monetize it and that is always been a model and nothing wrong with that but something wrong with pretending. >> you got to give people the option to opt out. then you kill the bottom line and kill profitability overnight. then the gig is up. facebook has much more entrenched problems than twitter. it's a leadership issue as well. david: is that leadership, guys? >> i think they were allowed to merge into too few companies and now that billions of customers in the same companies and whether that will be government breaking them up or splitting up to get start going back up ultimately there's more social media companies that will have [inaudible]. david: we want to mention we will speak with grover norquist about this and more tomorrow on

"bulls & bears". keep into the foxbusiness night we got full coverage and analysis of the president's first oval office address. coverage begins at 7:00 p.m. eastern with myself and trish regan followed by neil cavuto and kennedy. that does it for both embarrassment we will see you next time. >> today the speaker of the house is trying to argue a physical barrier is immoral. >> a wall is and immorality. it's not who we are as a nation. >> maybe they are dead set but this particular president. >> we are not doing a lot. >> they are not immoral. elizabeth: three hours away from the president's primetime address in the oval office as a set down showdown is now at fever pitch. it is the story of the unstoppable force of president trump meeting the immovable object of nancy pelosi. both sides seeking major political rest, tonight who will be blamed for the